Fee Schedule

Four Guarantees of Your Entrance Fee at The Summit

Lifetime use of your apartment or Garden Home and community areas
Estate protection through the 90% refundable entry fee plan and discounted costs of future healthcare, if needed
Priority access to private quality health care provided by “people you know and who know you”
You will never be asked to leave in the event of financial hardship

Entrance Fee Options

Declining Refund - The amount of the refund will be reduced for each month or partial month of occupancy at the rate of two percent (2%) of the Entrance Fee per month until the balance is zero. The Entrance Fees and projected Monthly Service Fees for The Summit are:

Garden Homes

	Sq.Ft./ Unit	Single Mo. Fee	Couples Mo. Fee	Declining Entrance Fee
Triplex A - The Chesapeake	1,362	$1,998	$2,562	$174,915
Triplex B - The Cumberland	1,325	$1,998	$2,562	$164,565
Single - The Shenandoah-1 car garage	1,634	$2,141	$2,705	$198,720
Single - The Shenandoah-2 car garage	1,634	$2,141	$2,705	$205,965

Independent Living Apartments

	Sq.Ft./ Unit	Single Mo. Fee	Couples Mo. Fee	Declining Entrance Fee
One Bedroom - The Poplar	732	$1,623	$2,187	$ 82,800
One Bedroom, Den - The James	925	$1,707	$2,271	$111,780
One Bedroom, Den - The Birch	933	$1,785	$2,349	$110,745
Two Bedrooms - The Peaks of Otter	1,081	$1,827	$2,391	$145,211
Two Bedrooms - The Magnolia	1,124	$1,958	$2,522	$151,007
Two Bedrooms, Den - The Chestnut	1,273	$1,987	$2,551	$160,425
Two Bedrooms, Den - The Skyline	1,418	$2,043	$2,607	$176,882

90% Refund - All or part of the Entrance Fee will be refunded to Resident if Resident moves from The Summit and terminates this agreement. The amount of the refund will be reduced for each month or partial month of residency at the rate of two percent (2%) of the Entrance Fee per month until the balance is equal to 90% of the Entrance Fee paid. The Entrance Fees and projected Monthly Service Fees for The Summit are:

Garden Homes

	Sq.Ft./ Unit	Single Mo. Fee	Couples Mo. Fee	Declining Entrance Fee
Triplex A - The Chesapeake	1,362	$1,998	$2,562	$279,864
Triplex B - The Cumberland	1,325	$1,998	$2,562	$263,304
Single - The Shenandoah-1 car garage	1,634	$2,141	$2,705	$317,952
Single - The Shenandoah-2 car garage	1,634	$2,141	$2,705	$326,646

Independent Living Apartments

	Sq.Ft./ Unit	Single Mo. Fee	Couples Mo. Fee	Declining Entrance Fee
One Bedroom - The Poplar	732	$1,623	$2,187	$132,480
One Bedroom, Den - The James	925	$1,707	$2,271	$178,848
One Bedroom, Den - The Birch	933	$1,785	$2,349	$177,192
Two Bedrooms - The Peaks of Otter	1,081	$1,827	$2,391	$232,337
Two Bedrooms - The Magnolia	1,124	$1,958	$2,522	$241,610
Two Bedrooms, Den - The Chestnut	1,273	$1,987	$2,551	$256,680
Two Bedrooms, Den - The Skyline	1,418	$2,043	$2,607	$283,010